Housing Activity Index Reaches All-Time High in May, Indicating Homebuilding Will Soon Rebound from Recession

ADA, Okla.--(BUSINESS WIRE)--Jun 11, 2020--

Released today, the May 2020 LegalShield Law Index, a suite of leading indicators of the economic and financial status of U.S. households and small businesses, saw its Housing Activity Index reach an all-time high, suggesting that homebuilding may recover more quickly than other sectors of the economy from the coronavirus-induced shutdown. A separate Real Estate Index tracking home sales likewise improved in May, suggesting that existing home sales may improve over the next three to six months. LegalShield has been measuring consumer demand for vario...